Multi-Family Loan Programs

Fidelity Commercial Funding offers a variety of loan programs customized to fit your unique needs. Our loan programs range in size from $500,000 to $10,000,000 with specific requirements and pricing based on your investment objectives.

Apartment Loans From $500,000 - $5,000,000

• 15 and 30 Year Amortizations
• 3, 5, 7, 10, 15 Year Fixed Rate Terms
• No Defeasance or Yield Maintenance
• No Lender Points
• No Replacement Reserves
• Monthly / Annual Leases Acceptable
• Substitute Leases With Bank Statements
• A, B and C Property Types Considered
• No Balloon or Call Provisions
• Maximum LTV 80% / 85% CLTV
• Step Down Prepayment
• Minimum DSC of 1.20:1
• Standard 1% Fee Closing Cost
• No Outside Legal Fees
• 60 Day Rate Lock
• Limited Impound Requirements
• Assumable at Lender Discretion
  • 3% Seller Concession Allowed on Purchases
  • 10% Seller 2nd Allowed on a Case by Case Basis
  • Mixed-Use Commercial/Residential Acceptable to 25% Commercial Use

Mobile Home Parks Eligible for Apartment Loan Program with 15+ Pads

Property management experience is generally required for properties with 12 or more units, or property management letter and resume may be substituted.

Competitive closing costs for apartment loans to $5 million. Costs include standard third party reports including inspection, appraisal, engineering, environmental, lender fees, document fees, and in-house legal.

Apartment Loans From $5,000,000

• Customizable Fixed Rate Terms -- 5, 7, 10, 15, 18, 20, 25, & 30 Yr. Terms
• Defeasance, Yield Maintenance, and Decreasing Term Prepayment Options
• Single or Multi-Asset Properties
• Cash, MBS, or DMBS Execution
• 365 Day Extended Rate Locks
• Balloon or Non-Balloon Terms
• Non-Recourse Above $1.5 Million
• Tiered Risk-Based Pricing